E-commerce

Electronic commerce describes the buying and selling of products, services, and information via computer networks including the Internet.
Origin: USA
1. (1920) through catalog sales.
  1. (1960) Electronic Data Interchange creates the "EDI", a system for electronic transactions and exchange of business information.
    1. (1970) Michael Aldrich invents shopping online
      1. (1980) use of computers to transmit data (first comerciale relations)
        (1990) The first world wide web (Yahoo, Amazon, Ebay, Pay pal)
        (2000) -(iTunes store, Credit card companies, YouTube, Web 2.0)
characteristics
1. Addressability: After the purchase the site remembers their information, such as their name, shipping and billing address, credit card information.
2. Interactivity: Interaction in the Market Place, Contests, Emerging Trends, and looks submitted by those in the community.
Advantages
1. Alternative to reduce costs
  1. Availability 24/7 without requiring a physical store
    1. Global Market place & Gathering Information
      1. Everyone can get your information anytime. and at the same time Increase your selling.
Risks
1. Major risks of frauds
  1. Unemployment will increase.
    1. Goods are difficult to return.
      1. Health issues because of lazy people
        Goods are difficult to return.

Resource summary

	Created by Daniel Martínez 1970 about 9 years ago